Investor Presentaiton
CET1 capital ratio 12.3%.
•
CET1 capital ratio of 12.34%, up 121bps from 30 September 2020
.
•
RWA declined 20bps mostly from lower credit RWA due to a reduction in lending and
improved credit metrics
Capital deductions and other capital movements mostly reflect deferred tax assets and
higher other comprehensive income. Partly offset by higher earnings held in entities
that are not consolidated for regulatory purposes
Divestment impact 8bps from sale of Westpac's stake in Zip Co Limited
2020 final dividend paid was offset by the fully underwritten DRP
Pro forma CET1 ratio includes the expected 32bp benefit from announced divestments
(Vendor Finance, Westpac General Insurance, Westpac Pacific and Lenders Mortgage
Insurance) and the sale of Coinbase
CET1 capital ratio movements (%, bps)
Capital, Funding and Liquidity
Key capital ratios (%)
Mar-20
Sep-20
Mar-21
CET1 capital ratio
10.8
11.1
12.3
Additional Tier 1 capital
2.1
2.1
2.2
Tier 1 capital ratio
Tier 2 capital
12.9
13.2
14.5
3.4
3.1
3.9
Total regulatory capital ratio
16.3
16.4
18.4
Risk weighted assets
(RWA) ($bn)
444
438
429
32
12.66
20
82
12
(1)
8
12.34
Leverage ratio
5.7
5.8
6.3
11.13
10.81
Level 1 CET1 ratio
11.1
11.4
12.6
Internationally
comparable ratios¹
Leverage ratio
6.3
6.5
6.9
(internationally comparable)
Mar-20 Sep-20 Cash Deductions RWA
earnings and other
FX Divestments Mar-21
translation
impact
Sales
Pro forma
Mar-21
CET1 capital ratio (internationally
comparable)
15.8
16.5
18.1
1 Internationally comparable methodology aligns with the APRA study titled 'International Capital Comparison Study' dated 13 July 2015.
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Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
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